Leading International Off-Plan Property Consultancy, LH1 Global has formally launched The Residence, a grand collection of 17 stylish one- and two-bedroom apartments within a renovated Regency-style Grade II listed building in the heart of Cheltenham. Ahead of the full launch, particulars for the boutique development were shared with LH1 Global’s vast network, which has resulted in half of the homes being reserved by a mixture of owner occupiers and investors within just 48 hours.

Priced from £194,500, the apartments at The Residence will provide a sense of grandeur, with the interiors paying homage to their traditional location, that is widely regarded as the ‘gateway to The Cotswolds’.

The Residence has been designed with a sense of class and prestige, combining modern upgrades with original period features and will appeal to those looking for both style and substance in a restoration home.

The boutique development is spaced across four townhouses: Berkeley House, Mayfair House, St George’s House, and St James’ House, comprising four two-bedroom apartments and 13 one-bedroom apartments. Each of the two-bedroom apartments include spacious private balconies, whilst a selection of the one-bedroom homes benefit from access to outside space.

Rayna Hunter CEO of LH1 Global commented: “We have been delighted by the incredible off-plan sales at The Residence. The development is one of the best regency renovations we have seen, so despite the recent challenges presented in the property market the response from buyers is not a complete surprise.

“The apartments provide fantastic investment potential, with the opportunity for short term serviced lets due to the town’s racing heritage with a busy schedule of events throughout the year. Also, the popularity of Cheltenham and its proximity to the Cotswolds and easy access to London provide the perfect conditions for consistent value growth.

Pre-pandemic, the visitor economy in Cheltenham brought in more £200 million into the town’s economy and with visitor numbers expected to total 2.5 million by the end of 2022 there is clear evidence that the sheer number of people making a flying visit to the town will ensure demand for short lets remains high. Property prices have also increased by 58% in Cheltenham over the last 10 years, highlighting the strength of the local market.

The Residence enjoys a prominent position in the centre of Cheltenham, close to the Town Hall and within easy reach of the shopping districts of Regent Arcade and Brewery Quarter. The development is also within the catchment of the highly regarded St. John’s Primary School, whilst the excellent independent schools St. Edward’s and Berkhampstead are close by.

Prices at The Residence start from £194,500